One thing he said was that Nyrstar are very important to their future - he was not as strongly positive about Glencore.
In any event, there is no competitive pressure on IBG shares at all. The buy side goes from 8m a few weeks ago, down to 4m a week ago, and now sits at 2.8,, while the share price slides gently and slowly towards a destination below 3c.
The video of Jonathan helped round out my perspective - not having met or spoken with him.
His presentation came across as tired, which I find easy to understand. While they have made fantastic progress on the project over 10 years - strong on the planning and preparation front - yet they remain the plaything of forces much larger than themselves, and funding remains elusive a couple of months after taking investors on the field trip.
I'm wondering whether Jonathan is able to negotiate and close the finance deal - it seems like there are obstacles hidden from the market's view (maybe Nyrstar has a non dilute clause - but is unwilling to stump up the money to retain their position - so they have an effective veto until their debt levels are more manageable??. Suggest other possibilities please ) .
As it stands....
Cutfield effect on market price trajectory currently = 0
Board effect currently not obvious.
